An extremely difficult "bull market"

There is no good news for the sharp drop in the early trading. The price of the currency hit the bottom again in the early trading on Monday. Fortunately, 55,000 supported this wave of callbacks. It can be seen that the current bulls are weak, but the four-hour lows continue to rise. The idea of ​​maintaining a rebound and repair in the future will not change. The market is also constantly testing the determination of retail investors. It is impossible to survive in this vortex by following the crowd. Only by taking the road that people dare not take can you reach the place you want in your heart.

The continuous negative structure of the weekly line and the rebound given on the weekend brought a glimmer of hope to the still addicted bulls. Looking at the rise of the whole year of 2024, the weekly level is mostly continuous with multiple positives. With the completion of the correction of the large cycle decline, the weekly line is likely to have continuous positives. This week, you can bet on positives.

Whether it is the decline after the high point of 70,000 or the decline after the high point of 60,000, we have always emphasized one point, that is, correction! Correction is a reversal action in the rise. Correction will not only not change the rhythm of the trend, but will accumulate energy for the rising market and serve the continuation of the big trend. Therefore, after the correction is completed, there will be a new high. The current market has formed a bottom trend of a large cycle below 50,000. With the steady rise of the market price and the large volume performance, the correction trend that has lasted for more than a month has come to an end, indicating the return of the bulls!

The short-term idea on Monday is still long

54,000-55,000 directly long

The target is 57,000-58,000

Defend 53,000 and break it to see 60,000

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